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Updated almost 6 years ago,

Shon Drennan's profile image
Shon Drennan's profile image
Shon Drennan
  • Lender
  • from Springfield, MO (springfield mo)
  • Member since Jul 5, 2018
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User Stats

18
Posts
1
Votes
Shon Drennan's profile image
Shon Drennan's profile image
Shon Drennan
  • Lender
  • from Springfield, MO (springfield mo)
  • Member since Jul 5, 2018
Connect
Shon Drennan
  • Lender
  • Springfield, MO (springfield mo)
1
Votes |
18
Posts
Rehabbing & House Flipping

Wholesale or Buy and hold?

Shon Drennan
  • Lender
  • Springfield, MO (springfield mo)
Posted

I am currently about to buy a single family home from a family friend for $100,000. It will need roughly $10,000 of repair. The appraisal value is approximately $190,000. My question is should I buy and hold this property which will tie up money for future investments or should I whole sale to fund the next rehab project to continue to expand?

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